Thinking about buying in Gongolgon? Now could not be a better time, with just 53 residential dwellings it's a highly sought after location.
Distance to the coast is 506 Km.
In Gongolgon there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Gongolgon is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Gongolgon leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Gongolgon the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
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|Average Properties Within 50M||1.00|
Currawah Aboriginal Education Centre(While the above schools are located with the suburb of Gongolgon there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
|22-07-2022||$3,500,000||9871 ARTHUR HALL VC WAY GONGOLGON 2839|
|04-11-2020||$2,380,000||2410 ARTHUR HALL VC WAY GONGOLGON 2839|
|05-04-2018||$1,050,000||6301 ARTHUR HALL VC WAY GONGOLGON 2839|
|28-11-2017||$2,100,000||9871 ARTHUR HALL VC WAY GONGOLGON 2839|
|23-12-2016||$430,000||7289 GONGOLGON TARCOON RD GONGOLGON 2839|
|26-07-2016||$525,000||6085 GONGOLGON TARCOON RD GONGOLGON 2839|
|25-01-2008||$15,000||3 CAMPBELL ST GONGOLGON 2839|
|03-08-2005||$25,000||1 BOGAN ST GONGOLGON 2839|
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